Govt Sets New Fuel Prices in Economic Policy Package
8 October 2015 08:50 WIB
TEMPO.CO, Jakarta - The Indonesian government has included new fuel oil prices in the third phase of the economic policy package, expected to have a positive impact on the real sector.
The new fuel prices, some of which took effect on October 1, 2015, are expected to have a positive impact on the economic sector, Energy and Mineral Resources Minister Sudirman Said told a press conference at the Presidential Office here on Wednesday evening.
"The price of premium gasoline cannot yet be lowered because it still has to reach its economic value set by Pertamina. The price of diesel oil has been reduced by Rp200 from Rp6,900 to Rp6,700 per liter and will take effect three days after this announcement. We need logistical preparations to reduce the price of premium gasoline," he said.
Therefore, the price of premium gasoline will remain unchanged at Rp7,400 per liter for Java, Madura and Bali and Rp7,300 per liter for the rest of the country.
"The price of aviation turbine (avtur) fuel for international flights will fall by 5.33 percent or approximately 10 cents US dollar, and for domestic flights by 1.4 percent as Pertamina has to supply avtur to all airports in Indonesia," he said.
The minister said the price of liquefied petroleum gas (LPG) in 12-kilogram cylinders has been reduced by 4.72 percent to Rp134,000 from Rp141,000. The new price took effect on September 16, 2015.
The price of pertamax gasoline has been reduced to Rp9,000 from Rp9,250 per liter since October 1, 2015, he said.
"Although pertalite gasoline is still being sold at a discounted price, Pertamina has reduced its price by 1.2 percent to Rp8,300 from Rp8,400 per liter," he said.
He did not rule out the possibility that the fuel prices will be lowered again if the government sees efficiency, the rupiah strengthens against the US dollar and the Indonesian Crude Price (ICP) remains stable.
"Now that fuel oils are no longer subsidized commodities, their prices will continue to be adjusted to achieve their economic prices," he said.
ANTARA
